Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 7,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $29.45, for a total transaction of $206,150.00. Following the completion of the transaction, the insider now directly owns 404,133 shares of the company’s stock, valued at approximately $11,901,716.85. This represents a 1.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $31.16 on Thursday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.05 and a 52-week high of $35.66. The company has a 50 day moving average of $30.06 and a two-hundred day moving average of $27.58. The company has a market cap of $4.76 billion, a P/E ratio of 311.63 and a beta of 1.12. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Monday. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Robert W. Baird increased their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Finally, JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.67.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors have recently added to or reduced their stakes in KTOS. Rovida Investment Management Ltd purchased a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $46,789,000. Raymond James Financial Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter valued at about $28,944,000. Lord Abbett & CO. LLC lifted its position in Kratos Defense & Security Solutions by 140.5% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,599,740 shares of the aerospace company’s stock worth $42,201,000 after acquiring an additional 934,455 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Kratos Defense & Security Solutions by 435.3% in the 4th quarter. Voya Investment Management LLC now owns 943,638 shares of the aerospace company’s stock worth $24,893,000 after acquiring an additional 767,345 shares during the period. Finally, Vanguard Group Inc. grew its position in Kratos Defense & Security Solutions by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock valued at $388,301,000 after acquiring an additional 701,216 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.